First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) Short Interest Down 39.1% in May

First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 23,679 shares, a decline of 39.1% from the April 30th total of 38,902 shares. Based on an average daily trading volume, of 55,770 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Stock Up 0.2%

First Trust Nasdaq Artificial Intelligence and Robotics ETF stock opened at $59.35 on Friday. The stock has a 50-day simple moving average of $51.91 and a 200 day simple moving average of $51.78. First Trust Nasdaq Artificial Intelligence and Robotics ETF has a 12-month low of $44.01 and a 12-month high of $60.44. The stock has a market capitalization of $777.49 million, a price-to-earnings ratio of 27.26 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at about $42,000. Farther Finance Advisors LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $47,000. Bank of Montreal Can raised its holdings in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF by 390.0% in the fourth quarter. Bank of Montreal Can now owns 980 shares of the company’s stock valued at $51,000 after buying an additional 780 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the fourth quarter valued at about $60,000. Finally, Advisory Services Network LLC bought a new position in shares of First Trust Nasdaq Artificial Intelligence and Robotics ETF in the third quarter valued at about $62,000.

First Trust Nasdaq Artificial Intelligence and Robotics ETF Company Profile

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a modified equal-weighted index of all-cap, global companies involved in artificial intelligence or robotics. ROBT was launched on Feb 21, 2018 and is managed by First Trust.